Real Estate in Santa Fe County experienced stabilization in 2011. The number of residential properties sold in 2011 was 2% more than 2010. The average price increased from $431,061 in 2010 to $445, 783 in 2011. The median price was down a bit to $318,000 from $325,000 in 2010. 2012 is off to a great start as the number of buyers looking at property remains robust, especially for the winter months. Sales in January of 2012 were up over 15% compared to January of 2011 and 2010. The trend continued in February of 2012 with a 23% increase in the number of sales over 2011 for Santa Fe county. For February 2012 the average price was $431,396, with sellers obtaining an avg. of 93.17% of asking price. Days on Market still indicate a buyers market with an average of 228 days. Inventory, especially in select areas, continues to go down. The Eastside of Santa Fe is selling especially well as is the Eldorado area. Properties that have languished on the market for one or two years have now found buyers. Now, it seems, really is the time to buy. Economists find that rising prices are a lagging indicator and that an increase in number of sales is always a precursor to rising prices.
ZIP Codes: 87501, 87505, 87506, 87507, 87508 Location Characteristics: Santa Fe, New Mexico has always been known for its natural beauty, multicultural character, and significant art scene. Over the years, the natural beauty has remained intact: both the Jemez and Sangre de Cristo mountains offer opportunities to experience this beauty. Recently the Valles Caldera has opened to the public and this unique area is not to be missed. Whether you enjoy the mountains through hiking, biking, or skiing, you'll find just the right experience for you. Santa Fe has a rich cultural history with both Spanish and Native American influences. There are eight northern pueblos to visit whether shopping for Native American crafts or to absorb the history. Santa Fe is also home to several Art Markets in the summer, including the Indian Market in August, The International Folk Art Market, and the Spanish Market. Santa Fe is also a premier distination for those seeking a second home or for those ready for retirement. Abundant volunteer organizations and non-profits make it easy for a newcomer to make many friends and acquaintances. A drive up Canyon Road reveals just some of the Art Galleries in Santa Fe, now the second largest art market in the United States. Santa Fe offers a relaxed atmosphere and opportunities to engage in a variety of activities. There is something for everybody.
About Suzanne Brandt:
I have over sixteen years experience working the Santa Fe Real Estate Market. I pride myself on recognizing my customer's goals and needs and then doing everything possible to meet those needs and goals.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
